Riyadh-Mubasher: Saudi Airlines Catering Co. made SAR 191 million in net earnings during the fourth quarter of 2015, up 10% compared with SAR 173 million in the same period a year ago.
The profit growth was mainly driven by a 4% increase in total revenues, with major contribution from airline division revenues, particularly business lounges revenues, the company said.
Full-year net earnings also grew 6.8% year-on-year from SAR 654 million to SAR 699 million.
The 12-month profit rise was attributable to a 5.8% increase in total revenues, boosted by airline division growth, especially in business lounges.
